A tectonic shift is underway as the crypto world gravitates towards on-chain trading. The movement birthed from the bigger self-custody revolution of 2022–23 propels the DEXs into the limelight.
We’re nearing the end of a fantastic year for on-chain exchanges (just another name for DEXs). As per the 2024 Q3 crypto industry report, CEXs already lost a significant share when spot trading volumes on off-chain exchanges plunged to $3.05 trillion. On the other hand, DEXs were on a roll. Even when writing this post, we see DEXs to CEXs spot trading volumes taking off, traversing the never-before 14.5% mark.
On-chain exchange platforms enable transparent, permissionless, trustless trading on the blockchain, empowering users to maintain control over their assets without intermediaries. In 2025, the trend of on-chain crypto exchange development is going to accelerate, instigating businesses to tap into the proliferating demand for digital asset trading solutions.